Steadfast Blog

Steadfast Apartment REIT Acquires Two Properties for $88.45 Million

Tuesday, September 29th, 2015 8:28 pm

Sep. 29, 2015 – The purchase of two separate communities in Oklahoma City and the Dallas-Forth Worth metro area brings Steadfast’s total investments to $932 million. These two cities placed in strong markets, show opportunities for employment and population growth. With the acquisition of The Shores, located in Oklahoma City approximately 15 miles from downtown, Steadfast makes a presence in Oklahoma. Highly desirable amenities include two resort-style swimming pools, cabana with a flat screen TV, a seven-acre fishing pond with deck, and pavilion. The surrounding area offers a balance between work, life, and play, with close proximity to employers, education, shopping, and entertainment.

Monticello by the Vineyard, 25 minutes from both Dallas and Fort Worth, offers 354 one-, two-, and three-bedroom apartment homes in 21 different layouts. Community amenities include a resort-style pool and Jacuzzi, clubhouse, and entertainment center. Steadfast’s value enhancement strategy continues with upgrades to both interiors and exteriors at Monticello.